Worst advice you will ever get, don't do this! Don't even think about doing it. There is no good time to buy a down trend until it is an up trend. End of story.
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It was not an advice mate ....please read the context then maybe U will understand better what I was trying to state ...IF one disregards downtrends to initiate buys in any down sliding stock then HOW to go about it was the context ....not anything more
Also mate not all stocks need get into uptrend to initiate buying ...MFT if u had waited then earliest U wud have bought was at $ 67 and not $ 55 like W69 did
Sometimes one need make VALUE call then TA call ...like U doing for OCA .
No strict sense of rules work always ...but TA can be useful if used with intelligence not dogmatism .
For the health and wellbeing of readers on here maybe the Admin should 'suspend' FBU say for 2 weeks.
Reading the FBU comments can cause anxiety as the outrageous mismanagement can reflect on the entire NZX.
Just trying to look at it from a positive point. Let's get this bs company off the radar to give everyone a chance comment on the well managed NZX Companies.
Fly the NZ flag with pride I say.
The underlying business is sound. Ross Taylor inherited the convention center. He was planning on retiring within 5 years when he took over. He is now taking the heat for the convention center debacle.
What he has implemented within Fletchers will be enjoyed by his successor.
https://www.stuff.co.nz/business/350...wrong-fletcher
An insider’s view of what went wrong for Fletcher
An interesting read from an insider
If I am right construction takes place with borrowed money. When cost of money, interest rates go up construction industry will have to face for consequences. On top of that many industries have to make provisions for increased cost and insurance. How about the weakening construction demand? They are also contributing to low margin in the industry. Lot of things have skyrocketed to unsustainable and unaffordable levels. Purchasing power has gone down. I don’t see any turnaround in this sector until 2026. High cost of doing business is my main concern. I may try this for a turnaround opportunity. I am going to keep FHU on my turnaround list.